Topic: Patience is power - page 2. (Read 1471 times)

Therefore, don't get too FOMO about prices that are getting higher, especially if you buy Bitcoin at the ATH price of $70,000, that is the current peak price. Holders are always winners, but when they don't know what price to enter and what price to leave, then they need to learn to do that. maximize how to become a Holder that can provide profits and not wait too long to take advantage. Becoming a holder is not easy, it requires good knowledge and good management too.

I agree with you,in my own opinion I think becoming a Long term holder is very good sometimes, let me use my friend as example. this friend of my invested in bitcoin from the early stage, and he was patient enough to reserve it till this time he profited so much in bitcoin investment,as a result of being patient.however patient is very important in terms of making investment you need to hold on for some time if you want your profit to be massive,but before making a Long term investment you need to look for a profiting coin to invest, so that there won't be any lose.

  Before you make any move on anything whatsoever, you need to know what you are getting yourself so has to know the risk associated with it. The interesting thing about  business and investment is that you can’t predict it out come, I suggest that never giving up is the secret to business success. Many people think that success comes overnight and it really doesn’t - there will always be ups and downs; success and failure and if you can appreciate that each time there is a failure you are one step closer to success. Success is a direct output of your patience. People with patience are usually cool and calm as they know that eventually they will get what they deserve. Also, such people do not measure their progress towards goal everyday and it again helps them to enjoy what they are doing. Patient people are more decisive too. Do not think that being patient is equal to being lazy or lose. Far from it, in fact people with patience keep on doing the daily tasks rigorously and wait for their time. Often patience boils from trust - trust on one's own ability or trust on the supreme power.
  Patience, with persistence and practice, is the key. If you have no patience and you haven’t made it yet, then you fail. Everything has its time. Not necessarily when you want it, but when “it” decides. There is a saying and I have found it to be very true, “Timing is everything.” All the stars and planets and moons have to get to the right positions or your success might not be all that wonderful. What is that exact point of success? Think of everyday that you have made some progress as a small success. For you to feel successful, others need to also feel your success, and everyone is on their own schedule. It takes a lot of timing for it to all come together. You have to become one with that which you seek.

Patience or anyone who has a strong hand is one of the factors for success when in the world of Crypto, but sometimes patience can also cause losses. I mean, if we want to hold coins in the long term then don't choose the wrong coin to hold because not all coins on the market can survive in the long term, it's just that some coins have strong fundamentals so they have the opportunity to provide big profits in the future . So in my personal opinion, it's not just patience that we need to apply, but we also need to have massive understanding when we want to profit from Cryptocurrency.

Bitcoin is very volatile which you can't predict it, for one to be able to succeed in investing bitcoin, it is very necessary for one to learn how to have patience while investing in Bitcoin.  Patience is the reason why one can be able to able to hodl bitcoin till the the bull season.  Sometimes the reason why it is so difficult for some people to have patience why investing in Bitcoin is because they lack understanding.  It I impossible for one who don't have good understanding of bitcoin to have patience for the volatility of market.  You can only have patience on things that are well understood,  beginners need to learn and understand bitcoin well, understanding it can easily make to have patience.

I agree with you. Becoming a long-term holder will give you an advantage because you don't have to read charts and understand technical analysis related to crypto trading. You can also get returns of up to hundreds of percent if you get good coins. But to become a long-term holder you also need some preparations, such as using your cold money to invest. And even if you are a long-term holder, still pay attention to current and future trends and narratives. Because there are some coins that become useless when held for the long term due to outdated narratives. Examples are Metaverse narratives such as Sand, Mana and Axie which are still at the bottom today.

I highly recommend BTC, but the case is different with Altcoins, it really depends on the quality of the project and the response of investors in the market and if we want to speculate with our money on unknown projects other than BTC, never put our money in just one bag, split it into several coins so that we can save money if one of them is a scam or drops sharply.

In the Crypto World, many people lose in trading and many people are trapped by advertisements for new projects without knowing the quality of the project, so they immediately buy it. I also hope that in 2024 this can be minimized and that it will not continue to happen over and over again.

If I'm being asked the reason why I love this forum? It's because of its resourceful nature. If you come to this forum with your problem related to crypto you'll definitely find someone who can break everything down for you to comprehend properly, and that is why we should ask questions when we don't understand some certain things instead of concluding and giving up. Holding has always been my thing, since I joined this Bitcoin forum and started accumulating. I prefer to borrow than using from my Bitcoin I have accumulated.

for you to make a profit any of your cryptocurrency investment you have to exercise a much patient knowing that it is you are Endurance that will make you to profit in your cryptocurrency investment especially Bitcoin many people have experience loss during cryptocurrency investment especially Bitcoin because of impatient during their time of investment, so I believe that you have to exercise a patient in any of your investment you will venture into especially bitcoin investment that will help you to make a profit huge profit in that matter.

Holders are winners, but it also depends on what price you buy a coin at, if you buy a coin at an over-valued price then you will experience a price drop, for example, if you buy at ATH then you have to be more patient waiting until it passes the price you have bought on one coin.

But people who buy when the season is bad like at prices in 2022 and 2023 you will be paid today in several altcoin projects such as solana, ethereum and others that have value in the project, but it's just that it was very difficult for anyone who felt it with FUD and market crashes and you have to be patient at that time to get victory when the bullrun arrives. Don't trade too much if you don't understand trading, it's better to hodl and wait. Bitcoin always finds its way and gives hope to those who survive with decent profits.

It is true that patience is key for many good things in your life, and it is especially clear now that we see see the effects of the culture of the immediate in children that aren't being educated in a way they can develop that virtue.

But too much patience can be dangerous too if you take into account that time is a very scarce resource in our lives. In the case of the OP and every trader who decided to hodl for the long run instead of continue doing the same they were used to, but it could've worked the other way too, and then you'd have lost 4-8 years waiting, instead of liquidating and employing that money elsewhere.

Of course, when in doubt, better be patient, but I wanted to share this different point of view with you.

Patience is one of the most important attributes that we can think of. It is so essential that when you operate some system, you won't have a choice but having patience is not something that is learned it is already a part of us. It is just for us to bring it and exhibit it.  and it is a development program that we all have to go through. Even when trading or holding, you need to exercise patience to get truly profitable.

When bitcoin prices drop, a lot of people panic and do not want to be patient. Before you know it, they are already selling the decimals they have just because they can wait, and that is why many of them are not making money from Bitcoin because, immediately after the price is down, they are already selling, and that is not a good way to do business. especially when you want to do Bitcoin. The fact that you can not predict anything makes it interesting and if you have sold the one you have, then there is nothing else for you. If you are not the patient type, then I think you should look for something else to do with your time.

Patience as been a tools that had been helping me to achieve things I have in mind with ability to get that done with time.
We all need to be patience no matter the kind of dream that we have. We can achieve anything we want to achieve with time that is why we need to be patient and keep doing what we need to do to keep growing. Everything would just look like a space of time and with hard work and smart work one can achieve anytime with a spece of time.

Holding is better and less risky for crypto beginners than engaging in trading, but I don't advise you to leave one for the other, trading can make you a whole lot of money too, the longer you remain a trader the more you will be good at it, so don't leave trading, keep holding your favorite digital assets but also keep improving your trading skills.

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Trading is harder and time-consuming, but you can skip all the stressful parts and go for better trading tools instead of trying to do everything yourself, there are tools for buying and selling online, it will cost you some money but it will also pay off.

Nothing comes easily, to even be a successful crypto holder you must know where to invest your money and this doesn't just happen, you need to know how to pick good crypto projects, which is also risky, but it should be easier than trading for anyone serious about knowing how to identify a good project out of dozens of other bad projects.

  Patience is important since human beings are only a small part of this entire creation and we are just doing the part of job that is within our ability and control. We have the total control of the actions that we take and minimal on the outcome. We need to perform as per the conditions, environment, possibilities and within the total realm within which we are putting our efforts. We have little control over the thoughts, actions of other people as well as the way nature acts. Patience is the mindset that keeps at bay many of the notorious mental states like agitation, nervousness, anger, agony, instability etc. it is one of the virtues which does help us to grow mentally which means evolving higher. Patience is important to have control over self and deal any situation ensuring to keep harmony in inner and outer environment but we need to inculcate other virtues along as that could be automatic attraction when one is following path of value. Some of these virtues are; consistency, persistence and control.
  Patience is important because it allows us to take a step back and look at the big picture, rather than getting wrapped up in the moment. When we're impatient, we often make decisions or take actions that we later regret, because we didn't stop to think about all of the possible consequences. Patience also helps us to stay calm and collected during stressful situations, which can ultimately lead to better outcomes. By learning how to be patient, we can develop better judgment and make wiser decisions, both in our personal lives and in our professional lives.

The market goes up and comes down, it all matter the section you enter the market. Investing in the market comes with a cost, not giving up but doing everything to enabled oneself seeks the potential merits of having safe path in crypto. Power is generated by patience, which is the master of all compulsory subjects.Those investors that invested in bitcoin a decade ago and having the mind to exercise patience till this very phase of the market, they're the ones reaping the market and also having good moments exploring more sectors to bagged altcoins.

Patience help you to get everything right and, if you are hodling BTC during the bear run, it's the patience your embrace that will make you not to rush to the market to sell like the way some hodlers who don't have patience use to rush to the market to sell and start regretting why they didn't exercise patience.

 Just exercise patience in your learning in this forum and you will get it right by start developing some quality post, which is the major thing that is attracting people to merits you for the quality post you make and to encourage you to continue improving in quality post.

A story of an elephant and dog giving birth is very common. And it says that an elephant and a dog conceived at about the same time. After six months the dog gave birth to about a dozen cubs but there was no prospect of an elephant. So when the dog asks the elephant are you really a pregnant elephant? I gave birth to about a dozen babies in six months and they are all grown up now and I see no chance of you having any. Hearing the dog's words, the elephant said to the dog, "I have a baby elephant in my stomach, no dog has a baby." Two years after I had a baby and when the baby was born, the ground shook, and everyone looked at the path it would take in wonder and amazement.
The essence of the story is that if you want to get something good and valuable in the world you must have patience
and must contain it does not suddenly reach the hand. A lot of sacrifices have to be made to get that. So it can be said that patience is a power. It has to be patience to be successful. Nothing comes easily. And what is readily available is garbage.

I guess if you can afford and you are ready for small loses, small amount of day trading now and then wouldn't be a problem, especially if you have a lot of free time, and you are planning to do day trading with quite big amount in the future, eventually you will lose some, better to loss some money to gain some knowledge about trading then to just lose money without getting anything.



This is partially through, but to put more context I think what important is that, new member shouldn't pretend to know something that they don't and they just make some post that they are not actually understand.

But what I can say is that you should do things that you enjoy as long as you it didn't harm you or other people.

You are actually right that patience is needed in the industry to be successful, but I want you to know that patience alone isn't enough when it comes to Bitcoin investment, you might have the required patience but you don't have the source of income and an emergency fund to fund your daily lives and sorts out some financial pressing needs in your life.

So if you don't have emergency fund and source of income, you will be forced to tamper with your investment, and you will definitely eat it up bit by bit due to the fact that you don't have any other income coming in,  so patience alone is not enough.